Active Listing  ·  89 days on market

531 Great Lawn Bnd

Liberty Hill, TX 78642
$675,000
5 Bed 5 Bath 3,765 sqft $179/sqft Built 2023 0.21 acres 3-Car Garage Pool Santa Rita Ranch Ph 3 Sec 3

Skip the wait—and the cost of adding upgrades after closing. This move-in-ready Santa Rita Ranch home already includes owned solar panels, an air-conditioned garage with EV charging, a whole-home surge protector, permanent holiday lighting, and a premium Samsung appliance package. With five bedrooms, a dedicated office, media room, and an open layout designed for everyday living and entertaining, this home delivers exceptional value in one of Liberty Hill's most sought-after master-planned communities. Discover unparalleled comfort and sophisticated living in this expansive two-story residence, a haven designed for both grand entertaining and peaceful family life. This striking contemporary home features a harmonious blend of stone and stucco construction, offering both durability and aesthetic appeal. A welcoming covered front porch invites entry into a meticulously crafted space spanning approx. 3,765 square feet, providing ample room for every endeavor. With five generously sized bedrooms and four and a half bathrooms, this property ensures privacy and convenience for all occupants. The thoughtfully designed layout creates distinct areas for relaxation and social gatherings, allowing for a flexible lifestyle. Situated on a sizable 0.21-acre lot, there is abundant outdoor space for recreation and enjoyment. Located in Liberty Hill, TX, this address offers a desirable blend of suburban tranquility and convenient access to local amenities, promising a lifestyle of ease and contentment. This residence stands as a testament to elegant design! SEE DOCUMENTS FOR LIST!!

At $179/sqft, this home is 19% below the Liberty Hill active market average of $221/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

531 Great Lawn Bnd, Liberty Hill, TX 78642

Property Details

Price $675,000
Status Active Listing
Beds 5
Full Baths 4
Half Baths 1
Living Area 3,765 sqft
Lot Size 0.21 acres (9,239.08 sqft)
Year Built 2023
Garage 3 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Santa Rita Ranch Ph 3 Sec 3
County Williamson
Zip Code 78642
$/sqft $179/sqft
Days on Market ,
HOA $116/Monthly
Annual Tax Est. $17,689.18
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT235815743
List Date June 26, 2026
Elementary School Santa Rita
Middle School Santa Rita Middle
High School Legacy Ranch
School District ,

Luke Allen (TREC #788149) has deep knowledge of Liberty Hill and surrounding markets. Whether you're buying, selling, or just researching comparable sales, reach out for a no-pressure conversation.

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Price History

How This Ask Has Moved

Original list price versus what this home is asking today. Straight from the ACTRIS MLS feed, no interpretation.

Original ask · June 26, 2026 $719,500
Previous ask $690,000
Current ask $675,000
Reduced $44,500 (-6.2%) from original ask

Source: ACTRIS MLS. Price change timestamp reflects the most recent adjustment on record; the feed does not expose intermediate steps between the original ask and today's ask.

Similar Homes on the Market in Liberty Hill

Comparable Listings Right Now

Homes currently for sale in Liberty Hill with similar bedroom count, size, and price range, giving you real-time context for how this property's asking price compares to the active market.

AddressList Price$/sqftBeds/BathsSqftDOMListed
236 Montecido Dr
Santa Rita Ranch
$674,900 $228 4 bd / 4 ba 2,966 sqft , 2026-09-05
204 Medallion St
Saddleback/Santa Rita Ranch Ph
$674,475 $158 5 bd / 5 ba 4,259 sqft , 2026-06-29
228 Poole Ln
Santa Rita Ranch Ph 3 Sec 2
$670,000 $194 4 bd / 4 ba 3,455 sqft , 2026-07-15
432 Olinda Way
Saddleback/Santa Rita Ranch Ph
$664,825 $175 5 bd / 5 ba 3,797 sqft , 2026-07-16
105 Borrego Bnd
Santa Rita Ranch
$686,968 $213 4 bd / 4 ba 3,229 sqft , 2026-07-06

Source: ACTRIS MLS, live listings. Similar by ±1 bed, ±35% price, ±35% sqft. Contact Luke for a formal comparative market analysis.

Investment Analysis

Rental Income Potential

The numbers below use conservative Austin-market assumptions. They are estimates, not a guarantee. Actual rents vary by condition, timing, and management. Read our full Austin rental property guide →

Est. Monthly Rent
$3,240/mo
0.48% rule · conservative Austin est.
Gross Yield
5.76%
Annual rent ÷ purchase price
Cap Rate (est.)
3.46%
NOI after 40% vacancy + expenses
Down Payment
$135,000
20% conventional investment loan

Monthly Cash Flow Breakdown (20% down · 7.25% rate)

Estimated Gross Rent+$3,240
Principal + Interest−$3,684
Property Tax (~2.1% TX avg)−$1,181
Insurance (~0.5%)−$281
Est. Monthly Cash Flow $-1,906

At current rates and prices, many Austin luxury properties run neutral or slightly negative on pure cash flow, appreciation and equity paydown are the primary return drivers. BRRRR and off-market acquisitions can improve day-one cash flow. Learn about the BRRRR method in Austin →

Commute & Employment

Major Employers Near Liberty Hill, TX

Liberty Hill sits within commuting range of Austin's major tech, manufacturing, and corporate campuses. Approximate drive times from this area:

Tesla Gigafactory 15-25 min E
Apple Campus (Domain) 20-30 min N
Google / Meta / Indeed 10-15 min downtown
Dell Medical School / UT Austin 10-20 min
Samsung Austin Semiconductor 25 min N

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About the Author
Luke Allen, Austin TX Realtor, TREC #788149
Luke Allen
Licensed Austin TX Realtor · TREC #788149 · Full-time since 2019
★★★★★ 5.0 on Google · 30 Reviews

Luke Allen is a full-time Austin TX Realtor with the Austin Marketing + Development Group brokerage. He works with buyers, sellers, and investors across every Austin ISD and the surrounding neighborhoods, from Downtown and East Austin to Round Rock, Cedar Park, and the Hill Country. Every page on this site is written and maintained by Luke. This page was last updated on September 13, 2026.

📞 (254) 718-2567 [email protected] More about Luke →